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Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool

PYMNTS

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2B AP Automation.

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Intuit Introduces QuickBooks Bill Pay

CPA Practice

QuickBooks Bill Pay also enhances the Intuit QuickBooks Business Network , one of the largest business-to-business (B2B) networks aimed at accelerating and automating B2B payments and improving overall cash flow. With QuickBooks Bill Pay Premium or Elite, businesses can also file unlimited 1099s for no additional fee.

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Palette Software Integrates With Aptean ERP For B2B AP Automation

PYMNTS

To automate AP workflows, Palette's AP Automation for Aptean harnesses robotic process automation (RPA). The intuitive dashboard of Palette offers a full summary of vendor invoices as well as their status in the approval workflow in addition to outstanding payables.

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As Businesses Shift Focus to Efficiency, Finance Teams Must Find Ways to Do More with Less in AP

CPA Practice

For those who have begun, the most digitized AP task is invoice approval/workflows (71%), followed by invoice data capture and coding (66%), payment execution (58%) and payment authorization (58%), among others. And they report substantial benefits as a result: 85% have realized efficiency gains.

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Creating a Credit Plan

Lockstep

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Your credit plan should cover rules, regulations, and procedures to manage daily operations, approval workflow, and resources. Workflow diagrams are useful for mapping out communications and inter-departmental relationships. .

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Why 85 Pct Of Companies Want AP Automation

PYMNTS

Most companies — especially those prone to payments innovation — believe automating their B2B operations can provide a host of benefits. In fact, 84 percent of them said B2B automation can reduce errors, 81 percent said it can reduce their costs and 70 percent said it can reduce the drain on employee resources, to name just a few.

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Streamlining QuickBooks Payments: Eliminate Challenges with AP Automation

MineralTree

In terms of payment types, QuickBooks offers basic ACH and credit card support for B2B payments through QuickBooks Online Bill Pay. Improve the invoice approval process QuickBooks Desktop lacks a built-in invoice approval workflow , necessitating the integration of additional services for this functionality.